Cleveland’s biomedical industry has grown from 300 companies in 2002 to more than 700 companies today. Imaging, orthopedics, neurostimulation, cardiovascular, biomaterials, health IT, biosensors, and regenerative medicine have attracted the attention of investors and key opinion leaders.
Northeast Ohio is home to 25 universities that offer graduate and undergraduate programs, as well as certificates and diplomas, serving the region’s healthcare, health IT and bioscience industry. Since 2006, these institutions have graduated more than 23,000 bioscience workers.
Since 2005, early-stage bioscience and health IT companies have raised over $2.3 billion, and the innovation and economy continues to grow.
Cleveland’s biomedical industry, a $5.6 billion sector, grew 59% from 2000-2016.